Dow’s Antitrust Trial and Boeing Gets Grounded: Morning Buzzers
At 8:38 a.m.: S&P: +0.14%, Dow: +0.28%, NASDAQ: +0.24%.
Boeing (NYSE:BA) is once again trading lower as nations around the world, including the United States, ground their fleets of 787 Dreamliners to investigate battery-related problems. As it stands, new lithium-ion batteries seem to be the center of most of the problems, but regulators are also investigating possible fuel leaks and other electrical problems.
eBay (NASDAQ:EBAY) is riding high on post-earnings buzz today. The company reported double-digit revenue growth and also doubled its volume to $13 billion. Net income did fall to $0.70 per diluted share, but still came in ahead of expectations… (Read more.)